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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Weak Downtrend (-65) - SARJPY is showing signs of a strengthening downtrend. Monitor SARJPY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
40.995840 41.234002 40.949614 41.008572 +0.012732
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Mar 19th, 2024 at 40.224148

intermediate term down The intermediate-term trend has been DOWN since Jul 17th, 2024 at 41.996050

short term down The short-term trend has been DOWN since Jul 11th, 2024 at 42.797999

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
40.995840 41.234002 40.949614 41.008572 +0.012732
Prev. Close Volume Bid Ask Time
40.995840 2024-07-26 10:21:13
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